Perspective
Nov. 21, 2014
Insider trading and regulatory overreach
Though Douglas Whitman will spend time in jail for insider trading, the U.S. Supreme Court's recent denial of his petition for cert has highlighted the SEC's overreach in defining unlawful insider trading. By Allan Horwich
Though Douglas Whitman will spend time in jail for insider trading, the U.S. Supreme Court's recent denial of his petition for certiorari in his case has highlighted the Securities and Exchange Commission's overreach in defining unlawful insider trading, likely prompting challenges to other federal regulations that define criminal violations. Whitman v. United States, 14-29.
In defending a criminal charge for insider trad...
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